Introduction and summary
|
|
|
- Elwin Ray
- 7 years ago
- Views:
Transcription
1 Introduction and summary 32 Economic Perspectives
2 Overview of the payments marketplace TABLE 1 Payment CAGR Currency 500 Postal money order % Check % Credit card NR 11.9% Electronic funds transfer % ATM % Debit at point of sale % ACH % Notes: Volumes include payments initiated by business and government, in addition to those by consumers. NR indicates not reported. Columns may not total due to rounding. Sources: Hancock and Humphrey (1997); Federal Reserve Bank of St. Louis, Annual Report, Green Sheet, various years; Faulkner & Gray; National Automated Clearinghouse Association; and Bank for International Settlements. Federal Reserve Bank of Chicago 33
3 Literature review TABLE 2 Financial Income assets Age Education In person Mail Telephone Electronic transfer ATM Debit card Automatic deposit/withdrawal Direct deposit Pre-authorized debit Computer Smart card Note: Statistically significant positive/negative factor (+/ ); not statistically significant factor (0). Source: Kennickell and Kwast (1997). 34 Economic Perspectives
4 35 Federal Reserve Bank of Chicago Analysis
5 Empirical results 36 Economic Perspectives
6 TABLE 3 Nonusers vs. users Low vs. high users Nonusers vs. users Low vs. high users Demographics Age 1.023*** 1.031*** (0.007) (0.008) Female 1.492** 0.623** (0.196) (0.235) Race (0.259) (0.331) College (0.193) (0.219) Market size: under 100,000 a (0.233) (0.278) Market size: 100, , (0.231) (0.271) Market size: 500,000 1,999, (0.251) (0.303) New product adoption Understand direct payment 1.768*** (0.135) (0.199) Understand set-up of direct payment 1.122*** (0.033) (0.036) PC owner 2.106*** (0.195) (0.217) Cellular phone owner (0.204) (0.234) Internet purchase (0.285) (0.340) Consumer financial Household income: $20,000 $39,999 b 2.144*** (0.239) (0.312) Household income: $40,000 $74, ** (0.257) (0.324) Household income: over $75, ** 2.382** (0.352) (0.432) Homeowner 1.439* (0.208) (0.276) Savings account (0.214) (0.266) Credit card 1.485** 0.671* (0.179) (0.222) Regional/national bank account c (0.186) (0.216) Credit union account 1.630*** (0.183) (0.215) Brokerage account (0.269) (0.302) Savings and loan account (0.220) (0.262) Control Control when bill is paid 0.898* 0.873** (0.061) (0.067) Option to stop payment 1.093** (0.041) (0.050) Receipt for payment 0.891*** (0.036) (0.041) Balance checkbook once/month * (0.033) (0.042) Disciplined about finances (0.034) (0.043) Use toll-free number to check balances 0.951* (0.027) (0.032) Person available ** (0.046) (0.056) Convenience Bill paid when out of town 1.065* 1.099* (0.037) (0.051) Saving time (0.047) (0.066) Banks not open convenient hours *** (0.031) (0.038) Incentives Least expensive payment method (0.046) (0.064) Use shopping coupons 1.071** (0.033) (0.040) Avoid penalties for late payments (0.055) (0.074) 5% discount 1.882*** (0.241) (0.379) Privacy/security Not comfortable giving account number to salesperson (0.027) (0.224) Dislike automatic withdrawal 0.806*** 0.914** (0.031) (0.013) Credit card on Internet is secure ** (0.037) (0.044) Personal involvement Enjoy talking with bank teller 1.082** 1.069* (0.031) (0.036) Number in sample Likelihood ratio 387.6*** 120.4*** a Market size reference variable baseline characteristic: under 100,000. b Income reference variable baseline characteristic: $20,000 and under. c Financial institution reference variable baseline characteristics: local bank. *Indicates 0.10 statistical significance level; ** indicates 0.05 significance level; and *** indicates 0.01 significance level. Notes: Standard errors are in parentheses. Of the 956 cases, 400 are nonusers. Of the 556 users of electronic payments, 236 are low users and 320 are high users. See appendix for description of variables. Federal Reserve Bank of Chicago 37
7 TABLE 4 Credit Cable card Insurance c Loan d Mortgage e Telephone Utilities f Demographic factors Age +** +*** +*** +* Race +*** * Lifestage +** * +** Market size +* +* New product adoption Understand direct payment ** +*** Understand set-up of direct payment +** +* +** +** +*** PC owner +*** Purchase on Internet +*** Consumer financial Household income: $20,000 $39,999 a +* Household income: $40,000 $74,999 +** Household income: over $75,000 +** Homeowner +* +** +** +** Savings account +*** Regional/national bank account b ** +* Credit union account * Control Control when bill is paid ** *** ** Option to stop payment +* Receipt for payment *** Balance checkbook once/month +* Disciplined about finances * +*** Use toll-free number to check balances * Person available ** *** Convenience Bill paid when out of town +* +* +** +*** Saving time Banks not open convenient hours +* +** +** Incentives Least expensive payment method Use shopping coupons 5% discount ** +** +* Privacy/security Not comfortable giving account number to salesperson *** *** ** Dislike automatic withdrawal ** *** *** *** *** Credit card on Internet is secure ** Personal involvement Enjoy talking to bank teller +* +*** +* +* +** +** a Income reference variable baseline characteristic: $20,000 and under. b Account reference baseline characteristic: local/community bank. c Market size is under 100,000 people. d Lifestage is young couple, retired couple, or middle parent. e Lifestage is middle-aged single. f Lifestage is middle-aged single, older single, or retired couple. Market size is 100, ,999. *Indicates 0.01 significance level; ** indicates 0.05 significance level; and *** indicates 0.10 significance level. Notes: + Indicates variable increased odds of electronic payment use; indicates variable decreased odds. See appendix for description of variables. Lifestage denotes period in life. For example, young single, middle-aged married with children, or elderly with a roommate are lifestage categories. 38 Economic Perspectives
8 39 Federal Reserve Bank of Chicago
9 40 Economic Perspectives
10 41 Federal Reserve Bank of Chicago
11 Conclusion 42 Economic Perspectives
12 Federal Reserve Bank of Chicago 43
13 Variable Scale Summary statistics 44 Economic Perspectives
14 β β Federal Reserve Bank of Chicago 45
15 46 Economic Perspectives
16 47 Federal Reserve Bank of Chicago
Checking Account Easy Switch
Checking Account Easy Switch It s no secret that switching checking accounts from one institution to another is time-consuming and often confusing. At Century Heritage, we wanted to simplify the process,
Important Update to Your Deposit Account
Important Update to Your Deposit Account Beginning February 12, 2012, U.S. Bank changed the way we post transactions to your deposit account to better align with the way you actually make those transactions.
BANK OF ADVANCE SWITCH KIT
BANK OF ADVANCE SWITCH KIT CLOSURE CHECK LIST Make sure all checks have cleared on your checking account. Give your Bank of Advance teller a copy of your last bank statement so automatic deposits, withdrawals
Step 1: Open a new account with us Visit any Busey branch to get started, or open your account online at busey.com.
Welcome to Busey Switch Kit We want to make your move to Busey as seamless as possible this Switch Kit gives you the tools you need to help ensure a smooth transition. Just follow these simple steps! Step
MAKE THE SWITCH TO Convenient Understandable Banking!
MAKE THE SWITCH TO Convenient Understandable Banking! We want you to experience convenient understandable banking, so we have made it even more convenient to switch your accounts to First Farmers Bank.
Campbell County 423-562-5151. OPEN A UNITED CUMBERLAND BANK ACCOUNT Open your account at any branch location.
Account Switch Kit We know how busy you are, so we have made it very convenient for you to switch your accounts to United Cumberland Bank. Follow the four easy steps in this switch kit and will allow us
Thank you for opening your account with us! Your Hometown Bank, Where Hometown People Make the Difference!
We make switching to Southern Missouri Bank of Marshfield quick and easy with our Switch Kit. And, we will be happy to help with any questions. With the Southern Missouri Bank of Marshfield Switch Kit
Make the right move.. and let A.J. Smith Federal Savings Bank... Make it Easy for You!
Make the right move.. and let A.J. Smith Federal Savings Bank... Make it Easy for You! Make the right move Switch your checking account to A. J. Smith Federal Savings Bank! We know that switching your
Tips on Managing Your Checking Account
Tips on Managing Your Checking Account How to Successfully Manage Your Checking Account By Liberty Check Printers Credit Union members have access to one of the most powerful checking account management
Switching to your Talbot Bank checking account has never been easier with Talbot Bank s Switch Kit. (Switch Kit check list)
Switching to your Talbot Bank checking account has never been easier with Talbot Bank s Switch Kit. (Switch Kit check list) 1. Open your new Talbot Bank checking account. You can open an account by visiting
Switching to your CNB checking account has never been easier with CNB s Switch Kit. (Switch Kit check list)
Switching to your CNB checking account has never been easier with CNB s Switch Kit. (Switch Kit check list) 1. Open your new CNB checking account. You can open an account by visiting any of our convenient
Switching to Great Southern is quick and easy with our Switch Kit, and we will be glad to help.
Switching to Great Southern is quick and easy with our Switch Kit, and we will be glad to help. With the Great Southern Easy Switch Kit you will have all of the forms and information that you need to make
Checking Account Options January 1st, 2013 (rates are subject to change)
Checking Account Options Earn with Eco-Checking. Good for you. Good for us all. Point West Credit Union is rooted in the cooperative nature of credit unions - we are all about people helping people. And
Checking Account Options September 1st, 2013 (rates are subject to change)
Checking Account Options Earn with Eco-Checking. Good for you. Good for us all. Point West Credit Union is rooted in the cooperative nature of credit unions - we are all about people helping people. And
Loan & VISA Rates. December 1, 2014 (rates are subject to change)
Loan & VISA Rates Loan Type Terms & Special Features Interest Rate (APR) New and Used Auto Finance up to 115% of purchase price on new autos. Finance up to 115% Kelly Blue Book, applies to vehicles 7 years
Tallulah, LA 318-574-9177. OPEN A DELTA BANK ACCOUNT at any branch location.
Account Switch Kit We know how busy you are! We have made it very convenient for you to switch your accounts to Delta Bank. Follow the four easy steps in this switch kit and allow us to become your bank.
Member FDIC. Checking Account Guide
Member FDIC Checking Account Guide Table of Contents o Introduction. 3 o Checking Account Management.. 4 o Documents. o Check Register o Checks o Debit Card o o o Making a Purchase 4 Writing a Check..5
Choosing the Right Chequing Account and Banking Package
BANKING Choosing the Right Chequing Account and Banking Package A chequing account is a good way for most people to manage their day-to-day banking needs. Banks, credit unions, caisses populaires and other
Free access to Teller24, our automated telephone system. A lot of other financial institutions offer free checking with a lot of strings.
Switch To A City Credit Union Checking Account And Enjoy... No minimum balance No monthly fee No per check fees Free Online Banking with access to canceled checks! Free Online Bill Pay* Free VISA Debit
SWITCH KIT. Member FDIC
SWITCH KIT Member FDIC Citizens Savings Bank SWITCH KIT (For Personal Accounts) Switch with Ease How many times have you wanted to switch, but thought it would be a big hassle. We want to help you Switch
Mobile Banking Questionnaire USERS
Instructions to the Interviewer: Interviewer to note down the details in the grid given below Mobile banking definition for the survey: A financial transaction or information request (e.g., ministatement)
Four easy, pain-free steps to moving your checking account.
Four easy, pain-free steps to moving your checking account. 1. 2. 3. 4. OPEN YOUR NEW ACCOUNTS First, open a new account with Bank of American Fork. We ll explain your choices of bank cards, checks, image
PERSONAL ACCOUNT SPECIFICATIONS AND FEE LISTING
PERSONAL ACCOUNT SPECIFICATIONS AND FEE LISTING Account Opening and Usage Sterling Eagle & Club Sterling TM Eagle Checking Minimum balance to open account: $500 Monthly average balance to avoid fee: $500
Mobile Banking and Payment Trends What You Need to Know
Mobile Banking and Payment Trends What You Need to Know May 2011 1 Research Objectives and Methodology Study objective Determine the impact of mobile devices on behaviors related to financial transactions
PRODUCT KNOWLEDGE SAMPLE. Sample. Credit Union Name. Developed By:
MEMBER NEEDS HANDBOOK Credit Union Name Developed By: The Pell Group & Creating Member Loyalty Copyright 2014 Credit Union National Association, Inc. 1 Introduction Introduction Facts About Credit Union
General. Q. Where do I send a pay-off? A. Payoffs can be given to a Member Service Representative at the branch or mailed to:
General Q. What is a credit union? A. A credit union is a not-for-profit organization that is owned by its members. The primary function of the credit union is to serve its members. Credit unions focus
Webster Opportunity Checking. $16.95 (or $11.95 with Direct Deposit 2 )
Fee Schedule for Consumer Accounts A Guide to Your Account At, we re committed to helping you find the right account to meet your needs. We ve prepared the following Account Guide to make sure you understand
Managing Your Checking Account
Managing Your Checking Account People you trust. Advice that works. Member FDIC trustmark.com Keeping in Check Avoid unnecessary fees by staying in control of your checking account. 1. Record all transactions
Switch Kit. Account. STEP 1. Open your new Apple Bank account. STEP 2. Stop using your old checking account.
Switching your account to Apple Bank is fast and easy. Use the convenient forms in this package to get started. To begin, follow the three easy steps below. STEP 1. Open your new Apple Bank account. Please
Consumer Loan & VISA Rates October 1, 2015 (rates are subject to change)
Consumer Loan & VISA Rates Loan Type Terms & Special Features Interest Rate (APR) 1 New and Used Auto Finance up to 120% of purchase price on new autos (not including tax, title, licensing and cancelable
BANKING 101. Consolidated Credit 5701 West Sunrise Boulevard Fort Lauderdale, FL 33313 1-800-210-3481 www.consolidatedcredit.org
BANKING 101 Consolidated Credit 5701 West Sunrise Boulevard Fort Lauderdale, FL 33313 1-800-210-3481 www.consolidatedcredit.org Congratulations on taking this important step to learn about issues dealing
Electronic Statement Management. Amy Klapper, Product Line Manager
Electronic Statement Management Amy Klapper, Product Line Manager Agenda Industry trends Inside IBS clients Trends Observations Embracing e-statements Financial institution view Consumer view Tools to
C O N V E R S I O N G U I D E
CONVERSION GUIDE The Independent Way The Independent Bank charter was founded in 93 by a group of businessmen who wanted to form a local bank to serve the needs of their community. Independent Bank pledges
THE BANK'S BALANCE SHEET. Lecture 3 Monetary policy
THE BANK'S BALANCE SHEET Lecture 3 Monetary policy THE BANK'S BALANCE SHEET Like any balance sheet, bank balance sheet lines up the assets on one side and the liabilities on the other side. Two sides equal
Bank on the Difference
Bank on the Difference THE BENEFITS OF AFFILIATION Wouldn t it be great if you could offer more valuable employee benefits at no additional cost? Affiliation with Central Credit Union can help you do just
Unit 5: Banking Options
Read Chapter 5 in the text. Unit 5: Banking Options Read this unit including websites. Suggestions: you may want to write down some key points. This information will be very basic for some of you. For
HOUSEHOLDS WITH HIGH LEVELS OF NET ASSETS
HOUSEHOLDS WITH HIGH LEVELS OF NET ASSETS Report to the Consumer Federation of America and Providian Financial Corp. Catherine P. Montalto, Ph.D. Associate Professor Consumer and Textile Sciences Department
Disclosures. Truth in. Savings. and money TRUTH INSAVINGS. to closure byy. If you. (e.g.,
Thank you for opening your accounts with us. Here is information that governs your account agreement with us. Personal Account Disclosures Important Information about Procedures for Opening a New Account
Pinnacle Credit Union is here to help you take full advantage of your membership with money-making and money-saving products and services.
_ Dear New Member: Pinnacle Credit Union is here to help you take full advantage of your membership with money-making and money-saving products and services. If you are one of the many new members that
BestBank Business Account Disclosure The information described is accurate as of September 1, 2015. Member FDIC
BestBank Business Account Disclosure The information described is accurate as of September 1, 2015. Member FDIC Disclosures Regarding Electronic Wholesale Credit Transactions Subject to Uniform Commercial
Table of Contents. Money Smart for Adults Curriculum Page 2 of 21
Table of Contents Checking In... 3 Pre-Test... 4 Introduction to Banks... 6 Types of Financial Institutions... 6 Opening and Maintaining a Bank Account... 7 Choosing a Bank and a Bank Account Checklist...
Get a $200 bonus when you open a Select Checking account.
Earn up to a $200 checking bonus when you open a new SunTrust personal checking account with direct deposit. 1 Terms apply. For new SunTrust personal checking clients only. Account must be opened online
Switch Your Accounts to Renasant Bank. It s Hassle Free With Our Quick Switch Kit!
Switch Your Accounts to Renasant Bank. It s Hassle Free With Our Quick Switch Kit! Are you frustrated with your current bank? Are you tired of high fees and poor service? How many times have you wanted
Switch Kit. An easy way to switch to a new checking account! Discover what simple, no-hassle checking is all about!
Financially... Right where you belong since 1948 Switch Kit An easy way to switch to a new checking account! Discover what simple, no-hassle checking is all about! Haynes Community FEDERAL CREDIT UNION
2014 Bank of Oklahoma, a division of BOKF, NA. Member FDIC. Equal Housing Lender.
2014 Bank of Oklahoma, a division of BOKF, NA. Member FDIC. Equal Housing Lender. OK CN 4000 Rev. 11/14 Personal and Business Checking and Savings Solutions TABLE OF CONTENTS Personal Checking 02 Personal
Unit 5 - Your Money: Keeping it Safe and Secure
Unit 5 - Your Money: Keeping it Safe and Secure Credit Unions and Banks Banks For-profit companies owned by shareholders Credit Unions Not-for-profit institutions owned and controlled by their own customers,
Money and Banking. Introduction. Learning Objectives
Money and Banking Introduction Money and Banking Learning Objectives Lesson 1 Time Value of Money: Time is Money! Distinguish between simple interest and compound interest. Calculate simple interest and
Purpose of a Checking Account- Money is deposited into an account and checks or drafts can be written to withdraw money from the account.
CHAPTER 9 CHECKING ACCOUNTS AND BANKING SERVICES Purpose of a Checking Account- Money is deposited into an account and checks or drafts can be written to withdraw money from the account. Demand Deposit-
Follow the 5 easy steps in the Heritage Bank Switch Kit and let us be the bank for you that provides Service You Can Bank On!
Switch Kit Our purpose at Heritage Bank is to help our customers achieve their dreams. These days we all have busy lives. Here at Heritage Bank, we are always looking for ways to make banking with us easy
Basic Banking. Presented by Bank on Gaithersburg, Family Services, Inc., and MD CASH Academy
Basic Banking Presented by Bank on Gaithersburg, Family Services, Inc., and MD CASH Academy Financial Institutions What are they- banks, credit unions What do they offer: Checking accounts Savings accounts
Switching is Simple.
Switching is Simple. Switch to Five Star Checking * *Share Draft Account Make life easier. Everything you need is right here. Here are the forms you need to switch to a simply better account at Five Star
SIMPLE SWITCH KIT. We Make the Switch Simple
SIMPLE SWITCH KIT We Make the Switch Simple 5 Simple Steps To Switch Your Account The Process: 1 Open your Wells Bank account Visit your local branch and a Personal Banking Representative will answer any
Personal and Business Checking and Savings Solutions
2015 Bank of Texas, a division of BOKF, NA. Member FDIC. Equal Housing Lender. TX CN 4000 Rev. 3/15 Personal and Business Checking and Savings Solutions Call our 24-Hour ExpressBank TABLE OF CONTENTS Personal
Switch Kit Pre-Transfer Worksheet
Switch Kit Pre-Transfer Worksheet The Switch Kit is a free tool that allows you to quickly and easily change your accounts from your financial institution to the State Bank of Toulon. By filling out a
Member FDIC. Switch Kit. Welcome!
Member FDIC Switch Kit Welcome! To make a seamless transition - just follow the simple steps provided below. If you have any questions, during this process, please feel free to contact US. We are here
SERVICES w w w. c o v e n a n t b a n k. c o m
SERVICES w w w. c o v e n a n t b a n k. c o m Mission To improve the quality of life for our citizens, businesses, shareholders, and the community through distinctive banking and financial services. Vision
Regulation CC Your Ability to Withdraw funds
Important Member Information: Regulation CC Your Ability to Withdraw funds Availability of funds you deposit in your account Like most financial institutions, our policy is to delay the availability of
A Community Bank with Community Values"
Dear Valued Customer; A Community Bank with Community Values" Now you can make the switch with ease! Our Switch Kit includes everything that you need to switch all your accounts, including auto transactions!
Unit 3 - Financial Services
Unit 3 - Financial Services Credit Unions vs. Banks Banks For profit companies owned by shareholders Offer services to everyone who wants to apply Owned by shareholders; customers do not vote Deposits
The Summit FCU Simple SwitchKit
The Summit FCU Simple SwitchKit Making the Switch from your current financial institution to The Summit is a breeze. Our step-by-step, easy to follow Simple SwitchKit will walk you through the process
YOUNG PROFESSIONALS. Guide to Getting Started on the Right Financial Foot. Presented by:
YOUNG PROFESSIONALS Guide to Getting Started on the Right Financial Foot Presented by: 1 As a young professional, you know that the financial choices you make today can impact your future goals and lifestyle.
4411 Calkins Rd. P.O. Box 320830 Flint, MI 48532 (810) 720-8300 TRUTH IN SAVINGS. Account Disclosure
ACCOUNT DISCLOSURES FOR Regular Share Accounts, Share Draft Accounts, Christmas Club Accounts, Mortgage Payment Club Accounts, Summer Check Club Accounts, Loan Pledge Club Accounts, Super Club Accounts,
Introductions. Student Introductions. Purpose. Objectives (Continued) Objectives
Introductions Instructor and student introductions Module overview 1 2 Your name Student Introductions Your expectations, questions, and concerns about checking accounts Purpose will teach you how to use
Anytime Adviser Checking Account Coach
Anytime Adviser Checking Account Coach Welcome. This interactive guide coaches you in managing your checking account. You may move from chapter to chapter by selecting headings from the left. Click on
Notice of Change in Terms for your Deposit Accounts. Redding Bank of Commerce Deposit Accounts Account Terms and Conditions
Notice of Change in Terms for your Deposit Accounts Terms outlined in this Change in Terms document, the enclosed Deposit Account Agreement and the enclosed Schedule of Fees and Services of Redding Bank
Dividends paid quarterly FREE ATM or Visa Check Card available FREE Internet account access and online bill pay
Switch Kit for the Dividend Checking Account USF FCU Dividend Checking No monthly service charge No minimum balance requirement Unlimited check writing Overdraft protection available from share savings
TEENS & GRADS: FREQUENTLY ASKED BANKING QUESTIONS
TEENS & GRADS: FREQUENTLY ASKED BANKING QUESTIONS CREDIT AND LOANS What is a credit score and why is it so important? A credit score is a number that strongly indicates to lenders and creditors how likely
TRUTH IN SAVINGS AGREEMENT AND DISCLOSURE
TRUTH IN SAVINGS AGREEMENT AND DISCLOSURE ESSENTIAL CHECKING ACCOUNT deposit $50 to open this account. BENEFITS CHECKING Rate Information Your interest rate and annual percentage yield may change. Frequency
June 30, 2015. <Name> <Address 1> <Address 2> <City>, <State> <Zip> Important changes to your Checking account coming August 3 rd.
June 30, 2015 , Important changes to your Checking account coming August 3 rd Dear Member, As part of the integration of HealthOne into New England Federal
Citizens Bank. of Northern Kentucky
It s the easiest way to Switch banks! 1. Open a account at any of our locations. By filling out the following forms, you will help us personalize a deposit account for you. 2. Redirect your automatic payments
Federal Home Loan Bank of Chicago. Correspondent Products & Services
Federal Home Loan Bank of Chicago Correspondent Products & Services August 2013 Correspondent Products & Services I. Correspondent Products & Services Overview II. III. IV. Wire Transfers Foreign U.S.
How To Understand How To Get A Bank Account
Opening a Bank Account Section Objectives A basic component in establishing financial independence is Opening a Bank Account. Banking services are essential tools for managing personal finances and building
Grow Checking Account Free Switch Kit
Grow Checking Account Free Switch Kit Grow Checking, the Way Checking Should Be! Includes a Grow Visa Debit Card, accepted wherever you see the Visa symbol. FREE Grow Online Banking, Mobile App and Telephone
Switch Kit New Account Information
Switch Kit New Account Information Complete the following information to switch your checking account to National Bank & Trust. It s as easy as 1-2-3! Individual Account Name of Primary Account Holder
Electronic Banking. Federal Trade Commission ftc.gov
Electronic Banking Federal Trade Commission ftc.gov For many people, electronic banking means 24-hour access to cash through an automated teller machine (ATM) or Direct Deposit of paychecks into checking
TABLE OF CONTENTS. Introduction 3. General Guidelines for Successful Account Management 3. Managing Your Checking Account. 1.
TABLE OF CONTENTS Introduction 3 General Guidelines for Successful Account Management 3 Managing Your Checking Account 1. Check Register 2. Planning 3. Recording Your Transactions 4. Balancing Your Account
Insight into Your Checking and Savings Accounts
Insight into Your Checking and Savings s Not everyone uses checking and savings accounts the same way. That is why we offer you a variety of options designed to meet your individual financial management
www.ffcu4u.com SWITCH KIT The Quick and Easy Way to Make the Switch Of Your Financial Accounts BENEFITS:
www.ffcu4u.com SWITCH KIT The Quick and Easy Way to Make the Switch Of Your Financial Accounts BENEFITS: 24,000 Fee Free ATM s Free Debit Cards Free CU24 Internet Banking Free Online Bill Pay Free Call
A. You can use the service to transfer funds into and out of your accounts, as well as to and from your accounts at other financial institutions.
Account to Account (A2A) FAQ Overview Q. What do I use the service for? A. You can use the service to transfer funds into and out of your accounts, as well as to and from your accounts at other financial
BANKING BASICS WHY YOU WANT TO KEEP YOUR MONEY IN THE BANK
BANKING BASICS WHY YOU WANT TO KEEP YOUR MONEY IN THE BANK REASONS TO KEEP MONEY IN A BANK Why keep your money in a bank? Safety Convenience Cost Security Financial Future BENEFITS OF CHECKING ACCOUNTS
Personal Schedule of Fees
Personal Schedule of Fees Effective May 6, 2016 bankofamerica.com Applies in all states. Bank of America, N.A. Member FDIC. 2016 Bank of America Corporation. 91-11-3000B 00-14-9299 29898 Table of Contents
Switch Kit. Membership. is so easy! Our. The Advantages of. Now you can switch with ease.
The Advantages of Membership When you join, you become a part of our Credit Union Family. We take pride in offering the very best personalized financial products to our family members. We are committed
Webster Opportunity Checking. $16.95 (or $11.95 with Direct Deposit 2 )
Fee Schedule for Consumer Accounts A Guide to Your Account At, we re committed to helping you find the right account to meet your needs. We ve prepared the following Account Guide to make sure you understand
Contents. General Information
Welcome to Citibank and thank you for choosing us for your banking needs. This Marketplace Addendum is a supplement to the Client Manual Consumer Accounts. This Addendum incorporates all of the terms,
It s the easiest way to Switch banks!
It s the easiest way to Switch banks! 1. Open a Farmers Bank account at any of our locations. By filling out the following forms, you will help us personalize a deposit account for you. 2. Redirect your
Module #4: Opening of a Checking Account
Module #4: Opening of a Checking Account Objectives: Participants will learn about the application process for opening a checking account. Participants will practice endorsing a check. Participants will
Switch Kit. Banking the way it ought to be
The LNB is just one more way LNB is working to make your life simpler. It s easy follow the 5 simple steps and you ll be banking the way it ought to be in no time! Banking the way it ought to be Switching
How To Get A Loan From Jamaica National Bank
Jamaica National Building Society Representative Office, United Kingdom Frequently Asked Questions on Delivery of Services Without Visiting the Representative Office Table of Contents Topics... Pages LIVE
Switching Made Simple
WELCOME AND THANK YOU FOR CHOOSING CHARTER BANK! Switching Made Simple Let us work for you! With our Switching Made Simple, we have made it easy to move your accounts to. We know the amount of time and
HIGH YIELD CHECKING. EXPLANATION OF SOME OF OUR KEY SERVICES AND CHARGES Here are details about High Yield Checking services.
EXPLANATION OF SOME OF OUR KEY SERVICES AND CHARGES Here are details about High Yield Checking services. KEY ACCOUNT TERMS AND CHARGES: Monthly Service Charge: No monthly service charge. Includes free
FAQ International Wire Remittance Rule. Q: How do we know if our credit union has to comply with this regulation?
FAQ International Wire Remittance Rule Q: How do we know if our credit union has to comply with this regulation? A: The CFPB rules apply when a threshold of remittance transfers have been exceeded in the
Truth in Savings. Page 1 of 7
Dividend rates and corresponding yields for all products are listed on Andrews Federal Credit Union s (Andrews Federal) rate schedule, a copy of which will be provided to you at the time you open your
Mobile Banking Questionnaire NON-USERS
Instructions to the Interviewer: Interviewer to note down the details in the grid given below Respondent Details Respondent Number Interview Details Date of the Interview: Start Time of the Interview:
U.S. Bank Checking Account Update
U.S. Bank Checking Account Update U.S. Bank checking account customers in Idaho, Kansas, Missouri and Nevada may experience an account update on the dates noted below. Updated account features many of
Electronic Funds Transfer
Electronic Funds Transfer Types of Transfers, Frequency and Dollar Limitations Prearranged Transfers Preauthorized Credits. You may make arrangements for certain direct deposits to be accepted into your
Welcome to Heartland Bank
Welcome to Heartland Bank We re glad you have chosen to bank with us. We want to make switching over your bank accounts as easy as possible. This step-by-step switch kit will help you complete this project
Personal Checking, Money Market, Savings, Time Deposit & IRA Accounts Pricing Schedule
Personal Checking, Money Market, Savings, Time Deposit & IRA Accounts Pricing Schedule (Effective November 6, 2015) REGIONS CHECKING With any Regions checking account, you get extra services to make banking
PERSONAL BANKING PRICING SCHEDULE EFFECTIVE MAY 2, 2016
PERSONAL BANKING PRICING SCHEDULE EFFECTIVE MAY 2, 2016 A division of ZB, N.A. WE MAKE IT WORTH YOUR WHILE TO BANK WITH US. For more information or current rates, feel free to stop by any of our banking
Disclosure of Account Terms
Disclosure of Account Terms Account Type Min. to open Daily Min Balance to obtain yield Basic Checking $0 N/A Choice Checking $0 N/A Premium Checking $0 N/A Statement Savings, Holiday Clubs $50 $300-24,999